Issuing house meaning

A note on terminology The Law of Property Act 1925 (LPA 1925) allows a mortgagee holding a legal mortgage to appoint an LPA receiver: when the mortgage monies fall due; and after issuing a demand for payment under the mortgage terms. This power may instead (and more commonly will) derive from the terms of the charge. In either case, the appointee may be described as a fixed charge receiver (in the latter scenario they are not an LPA receiver, though in practice they are still frequently referred to by that label). Checklist and timescale In practice, many LPA/fixed charge receiver appointments are made at speed, yet it remains essential not to overlook the fundamental requirements for a valid appointment. This Checklist outlines the matters an LPA/fixed charge receiver should verify before and after appointment, how to obtain the appointment, and the timescales within which specified steps must be taken. For further detail on when an LPA/fixed charge receiver may be...

In this issue: Horizon scanning Worker status and categories Immigration Pay Remuneration Taxation Diversity and the gender pay gap Maternity, parents and carers Whistleblowing Data protection and staff information Confidentiality, obligations and restrictions: enforcement Financial services and banking: employment matters Bribery, modern slavery, tax evasion and fraud Issues arising on termination Employment Tribunals Civil courts and alternative dispute resolution Dates for your diary Trackers Employment resources on Lexis+® LexTalk® Employment: a Lexis®Nexis community Daily and weekly news alerts Horizon scanning Updated Employment Rights Bill to be considered by the House of Lords The updated Employment Rights Bill (ERB), transmitted from the House of Commons to the House of Lords, was issued on 14 March 2025. Its second reading in the House of Lords is scheduled for 27 March 2025...

Watford Control Instruments Ltd v Brown [2024] EWHC 1125 (Ch) What are the practical implications of this case? This judgment is notable for addressing the infrequently used basis for striking out proceedings for want of prosecution. It observes that the principal and best-known authority on the point, the House of Lords decision in Grovit v Doctor [1997] 1 WLR 640, predates the CPR. So too does a further case on the appropriate sanction when such want of prosecution is established, Board of Governors of the National Heart and Chest Hospital v Chettle (1998) 30 HLR 618. Nevertheless, the court confirms that the principles articulated in those authorities remain good law and have not been displaced by the advent of the CPR. Where the court is satisfied a claimant has ‘warehoused’ the case—issuing it, taking no steps to advance it, yet keeping it alive so it can be pursued later—and that this constitutes an abuse of process, the orthodox sanction is to strike out the claim. The judgment thereby...

It is not only dedicated AI watchdogs drawing attention; financial legislators across Europe are now deeply engaged. In April 2024, the UK’s Financial Conduct Authority (FCA) and the Bank of England set out strategic plans for supervising AI, and from January 2025 the EU’s Digital Operational Resilience Act will apply, bringing fresh duties to safeguard the robustness and security of technology systems, including AI. Data protection authorities have moved swiftly too, issuing guidance, opinions and enforcement measures. This piece summarises the principal laws and regulations applying to AI at fintech companies and offers practical suggestions on how to navigate them, and where to focus limited legal and compliance resources. Background AI has transformed fintech, driving major progress across use cases including fraud detection, anti‑money laundering, onboarding, personalised products and forecasting. Recent rapid advances present abundant opportunities, further boosting the efficiency, accuracy and personalisation of current offerings and creating significant value across finance. Building AI within in‑house teams can also deliver notable internal cost savings, from...

Advertising and marketing-Brazil-Q&A guide [Archived, 2021 edition] This Practice Note provides a jurisdiction-specific Q&A on advertising and marketing in Brazil, issued within the Lexology Getting the Deal Through series by Law Business Research (October 2021). Authors: IWRCF-Luiz Werneck; Talita Sabatini Garcia. 1. What are the principal statutes regulating advertising generally? the Brazilian Federal Constitution; the Consumer Protection Code (Federal Law No. 8,078/90); the Statute of the Children and Adolescents (Federal Law No. 8,069/90); the Brazilian Advertising Self-Regulation Code; Federal Law No. 5768/71; Decree No. 70,951/1972; Federal Law No. 5,768/71 and Decree No. 70,951/1972 regulate commercial promotions and sweepstakes; National Health Surveillance Agency resolutions. 2. Which bodies are primarily responsible for issuing advertising regulations and enforcing rules on advertising? How is the issue of concurrent jurisdiction among regulators with responsibility for advertising handled? In Brazil, rule-making for advertising is led by the National Advertising Self-Regulation Council (CONAR) and by the government, represented by the House...

This playbook provides guidance for drafting and negotiating an agreement for the supply of goods from a pro-supplier perspective It sets out preferred stances and fallbacks for the clauses most frequently negotiated. While comprehensive, it will not cover every matter that may emerge in a specific deal. Suitable for supplier counsel, whether in-house or private practice, it should be tailored to address client-specific points and to protect the client fully. The risk profile indicated may vary by client. For a template agreement, on which this playbook is based, see Precedent: Supply of goods agreement—pro-supplier. For a pro-customer template supply of goods agreement, see Precedent: Supply of goods agreement—pro-customer. For a balanced short form supply of goods agreement, see Precedent: Supply of goods agreement—short form. For further information on drafting contracts for the supply of goods, see Practice Note: Contracts for the sale and supply of goods—business to business and Drafting terms for the sale of goods—business to business—checklist. Definitions cited...

This Practice Note highlights key considerations for in-house counsel dealing with vanilla bond issuances in the international capital markets. It is aimed at banking and finance lawyers based in banks or other financial institutions. General Initial points to consider: Are you the sole lawyer advising on this transaction, or are external law firms involved? Syndicated bond offerings will, in most cases, involve an external law firm. Check any internal policies on when external counsel must be instructed, who can be appointed, and how costs are managed or shared. See: Selecting external law firms—a guide for in-house banking and finance lawyers; and checklist: Agreeing engagement terms with external law firms—a checklist for in-house banking and finance lawyers for further information on appointing an external law firm What are the roles an external law firm will take? Commonly, the issuer and the mandated banks will each appoint their own external counsel. Define and agree each firm’s responsibilities at...